Keefe, Bruyette & Woods Has Lowered Expectations for CBRE Group (NYSE:CBRE) Stock Price

CBRE Group (NYSE:CBRE) had its target price dropped by stock analysts at Keefe, Bruyette & Woods from $174.00 to $164.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 26.49% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Evercore reissued an “outperform” rating and issued a $175.00 price objective on shares of CBRE Group in a research note on Thursday, July 30th. Wall Street Zen downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Barclays increased their price target on CBRE Group from $180.00 to $183.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. UBS Group raised their price objective on CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CBRE Group in a research note on Friday, August 21st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $178.40.

CBRE Group Trading Down 1.1%

Shares of CBRE Group stock traded down $1.43 on Friday, hitting $129.65. The stock had a trading volume of 552,863 shares, compared to its average volume of 2,084,512. The stock has a 50 day moving average of $142.74 and a 200 day moving average of $139.70. The firm has a market capitalization of $37.54 billion, a P/E ratio of 29.74 and a beta of 1.23. CBRE Group has a twelve month low of $121.69 and a twelve month high of $174.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.14 and a current ratio of 1.14.

CBRE Group (NYSE:CBRE) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.09. CBRE Group had a net margin of 2.98% and a return on equity of 25.12%. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.18 billion. During the same period in the previous year, the firm posted $1.19 EPS. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. Sell-side analysts expect that CBRE Group will post 7.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Chad J. Doellinger sold 228 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $33,810.12. Following the transaction, the insider owned 41,778 shares in the company, valued at $6,195,259.62. The trade was a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vikramaditya Kohli sold 2,666 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $150.00, for a total transaction of $399,900.00. Following the completion of the sale, the chief executive officer owned 134,869 shares of the company’s stock, valued at $20,230,350. The trade was a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,144 shares of company stock valued at $767,363 over the last 90 days. Company insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On CBRE Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ascentis Independent Advisors bought a new position in CBRE Group in the first quarter worth approximately $30,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of CBRE Group during the first quarter valued at approximately $33,000. Sound Income Strategies LLC increased its holdings in shares of CBRE Group by 5,180.0% during the first quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 259 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of CBRE Group during the second quarter worth approximately $39,000. Finally, MV Capital Management Inc. acquired a new position in shares of CBRE Group during the fourth quarter worth approximately $42,000. Institutional investors own 98.41% of the company’s stock.

CBRE Group Company Profile

CBRE Group, Inc is a global commercial real estate services and investment firm headquartered in Dallas, Texas. Through its operations in the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region, the company serves corporations, property owners, investors, lenders, and public-sector organizations.

CBRE’s services include commercial property leasing and sales, tenant and occupier representation, capital markets advisory, property valuation, consulting, research, and development services.